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07/30/2021 | News release | Distributed by Public on 07/30/2021 11:00

Industry News: July 26-30 – Google and Microsoft’s Cloud Earnings, the Cybersecurity Skills Shortage, Cloud Data Breaches

Every week we highlight cloud computing and technology news of interest. This week we're covering Google Cloud's strong second-quarter earnings, how Microsoft smashed earnings expectations, how the cybersecurity skills gap is negatively impacting organizations, the top causes of cloud misconfiguration leading to security risks, and one expert's take on the commoditization of public cloud.

Let's get started…

Several top cloud providers reported strong earnings this week, including Google, which saw Google Cloud revenue jump 54% in the second quarter. On top of that, revenue grew to $4.63 billion, up from $3 billion during the same period last year. What does Google credit with driving momentum? Find out in CRN here.

Microsoft reported strong earnings of its own, shattering estimates set by industry analysts. And the tech giant reported that Azure sales have grown 51% year-over-year, with no signs of slowing down. Dive into the rest of their earnings results in Silicon Angle here.

For years, organizations have had a difficult time hiring and retaining qualified cybersecurity professionals due to a substantial skills crisis. According to a new study, that issue remains a problem today, and it has impacted 57% of organizations. They say the skills shortage has led to everything from increased workloads for cybersecurity teams, to high burnout among staff and more. Explore the findings in VMblog here.

Cloud adoption rates are picking up, but are organizations addressing the associated security risks? A survey of cloud professionals found that 36% of organizations suffered a serious cloud security data leak or a breach in the last year. What are the leading causes of cloud misconfiguration? Learn more in Help Net Security here.

When it comes to the evolution of multicloud, many wonder how cloud providers will evolve over the next few years. According to one industry expert, commoditization of public clouds will lead to even more growth. Read what he has to say in InfoWorld here.